Braille Institute of America Inc

Analysis

Braille Institute of America Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 1963, 63 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Braille Institute of America Inc reported income of $34.2m and spending of $25.3m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $56.6m to $34.2m (-40%), an average of -12% a year. The sharpest change came in the year to June 2021, when income dropped by 43%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Braille Institute of America Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Makeway Foundation ($34.2m), Homesura Inc ($34.2m) and The Kintock Group of New Jersey Inc ($34.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 60% of the total. Compensation of current officers, directors and key employees was $1.9m (7.4% of expenses). Other salaries and wages came to $11.2m. It paid $221k in professional fundraising fees. At year end it held assets of $296.5m against liabilities of $5.7m, net assets of $290.7m. It reported 221 employees.